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to speaker boehner. that will bring the deficits down even further, below 3% as a percentage to our economy. bringing down the debt as percentage to our gdp. critical and important for competence. so he very wants to engage on balanced deficit reduction. what he has said is the following. he cannot tolerate congress deciding to not pay its existing bills. and i mean nobody should use the threat of default, the threat of hurting the full faith and credit of the united states as a bargaining chip in negotiations. if anyone tries to, the president is just not going to tolerate or negotiate or engage with that type of behavior and i think that you're starting to hear an emerging group of outside republicans agreeing with the president, particularly in the business community saying you do not hold the united states economy and its credit rating hostage no matter how much you care about a particular side or point of view in a budget negotiation. >> speaking of which, not a republican necessarily but allen writes in the journal, he says the consequences of hitting the debt ceiling are too awful to
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